COUNTRY 1 INTERNATIONAL MARKET COUNTRY 2 25 25 25 S2 20 s2 20 20 15 15 S1 15 Es1 EIP 10 10 IP 10 FIP D2 d2 0. d1 Q D1 0 3 6 9 1215182124 0 3 6 9 12 15 182124 0 3 6 9 1215 182124 Q Q 05. What will be the quantity demanded by country 1 from the rest of the world at a price of 5? O a) 6 O b) 9 O c) 12 O d) 15 P.
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What will be the quantity demanded by country 1 from the rest of the world at a price of $5?
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- QUESTION 21 P COUNTRY 1 25 20 15 10 5 d1 Q 0- 0 3 6 9 121 51 82 124 s1 IP INTERNATIONAL MARKET P 25 20- 15- A 21. What will be the quantity demanded by country 1 from the rest of the world at a price of 5? a) 6 b) 9 O c) 12 d) 15 25 20 15 101 5 D1 0- S2 S1 IP D2 10 5 0 0 3 6 91215182124Q P COUNTRY 2 s2 IP d2 0 3 6 9 1215182124QFigure 7-1 Price $54 30 24 0 R S V W X Y % Q₁ Q₂ US Supply O Q0 O Q1 World price Quantity of leather footwear Figure 7-1 shows the U.S. demand and supply for leather footwear. Q2 US Demand Refer to Figure 7-1. Suppose the government allows imports of leather footwear into the United States. What will be the quantity of imports? OQ2Q0The hypothetical country of Crabby Island has imposed a production quota of 4,000 crabs per month. Use the line segment in the graph below to show this production quota then answer the following question. Price ($) 10 9 8 7 (O 5 4 3 2 1 2000 Production quota 4000 6000 Quantity (crabs per month) Supply Demand 8000 10000 1. Use the line segment to show a production quota of 4,000 crabs per month. 2. What is the price of crab after the introduction of the quota? GA Number
- The following graph shows intra-industry trade in the United States for two types of yogurts: Yoplait (a famous French brand) and Dannon (a famoud American brand): 13 12 11. 10 A 9 83 7 2 1 0 -1 10 1 -11 CHG. O GHOI. O HLP. US Market for Yoplait (Y) Supply of Yoplait O GHPK. 8 Demand for Yoplait 9 10 11 12 13 Yoplak 15 12 Price 11 10 A 0 1 2 US Market for Dannon (D) Refer to the above graph. At the price of $6 for Y, and relative to an autarkic situation, intra- industry trade leads to a loss for producers of: Supply of Dannon Demand for Dannon Dannon 10 11 12 13The following graph shows intra-industry trade in the United States for two types of yogurts: Yoplait (a famous French brand) and Dannon (a famous American brand): 13 12 11. 10 A 9 7 1. -1 0 -11 O AKL. O AGH. Supply of Yoplait 3 O GHLK. O HPL. US Market for Yoplait (Y) Demand for Yoplait Yoplak 10 11 12 13 14 15 -1 12 Price 11 10 A 0 US Market for Dannon (D) Refer to the above graph. At the price of $6, intra-industry trade leads to a consumers surplus for Y equal to: Supply of Dannon Demand for Dannon Dannon 10 11 12 13ЕОC 10.05 Japan imports crayons into its country; they are a price taker in this market. Suppose the world price of crayons is $5. If Japan imposes a $1 tariff on crayons, what would be the domestic price of crayons and what will happen to the quantity bought? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a The quantity bought will increase and the price will be $6. b The quantity bought will fall and the price will be $6. The quantity bought will fall and the price will be $4. d. The quantity bought will increase and the price will be $4.
- Quantity Demanded Domestically Price 1,850 $ 16 15 14 13 12 11 2,650 2,450 2,250 2,050 2,650 1,850 2,850 1,650 Refer to the accompanying table for a certain product's market in Econland. If Econland was entirely closed to international trade, the equilibrium price and quantity would be 2,050 2,250 2,450 Mutiple Choice O $14 and 2.250 un $15 and 2450 units $12 and 1,850 units Quantity Supplied Domestically $13 and 2450 unD Question 6 As part of a trade war, country A agrees to introduces a quota on cars imported from country B. Country A can then expect the price of cars imported from country B to decrease, and their quality to remain the same O the price and the quality of cars imported from country B to increase the price of cars imported from country B to increase, and their quality to decrease O the price and the quality of cars imported from country B to decreaseA person who has an addiction for a production will most likely have * an elastic demand for that product. an inelastic demand for that product. no demand for that product. an elastic supply for that product. a side siness providing copy machine services. The equilibrium price is the * price at which the market clears average price consumers are willing to pay. O price at which all consumers are satisfied. O price at which quantity supplied is maximized. O price at which all potential suppliers will sell.
- price supply domestic price- $35 import price + tarif $20 demand 100 300 500 650 850 quantity Based on the graph above, if there is a tariff of $15 per unit imposed on imports in this market: A. 750 units will be imported and tariff revenue to the government will be $11.250 B. 650 units will be imported and tariff revenue to the government will be $9,75O C. 350 units will be imported and tariff revenue to the government will be $5.250 D. 300 units will be imported and tariff revenue to the government will be $4,500Chapter 10: In the small open economy of Gatorland, the domestic demand for widgets is given by P=100-3Q; the home supply of widget is given by P = Q. The world price is $40. Now let the government of Gatorland give a $15 per unit subsidy on each widget exported. What is the value of total subsidy payments to Gatorland's widget exporters? O $825 O $600 O $125 O $225Question 3 Table: U.S. Demand for and Supply of Widgets Price $1 Quantity 5 Supplied Quantity Demanded 20 O 0 widgets 2 widgets O4 widgets 6 widgets $2 6 19 $3 7 18 $4 8 17 $5 9 15 $6 10 14 $7 11 13 $8 $9 12 13 12 11 $10 14 10 The United States can import widgets from China at $4 each and from Mexico at $5 each. The United States imposes a tariff of $2 on each of its widget imports. Suppose that the United States and Mexico form a free- trade area. How much trade in widgets is diverted in the U.S.-Mexican free-trade area?